https://www.taxtmi.com/caselaws?id=432362 The Adjudicating Authority upheld the impugned order directing the Committee of Creditors to consider the Resolution Plan of the Third Respondent in a Corporate Insolvency Resolution Process matter. Disputes arose over the appointment of a Resolution Professional and selection of a successful bidder, with concerns of fraudulent conduct and coalition between Group businesses. The judgment highlighted disagreements within the Adjudicating Authority and addressed challenges to decisions in Committee of Creditors meetings. The Appellant's appeal for judicial review was granted, allowing the raising of defenses and grievances related to the order and decisions made. The Supreme Court dismissed a challenge to certain sections of the Insolvency & Bankruptcy Code. en-us Mon, 02 Jan 2023 00:00:00 +0530 Wed, 04 Jan 2023 08:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432362 The Adjudicating Authority upheld the impugned order directing the Committee of Creditors to consider the Resolution Plan of the Third Respondent in a Corporate Insolvency Resolution Process matter. Disputes arose over the appointment of a Resolution Professional and selection of a successful bidder, with concerns of fraudulent conduct and coalition between Group businesses. The judgment highlighted disagreements within the Adjudicating Authority and addressed challenges to decisions in Committee of Creditors meetings. The Appellant's appeal for judicial review was granted, allowing the raising of defenses and grievances related to the order and decisions made. The Supreme Court dismissed a challenge to certain sections of the Insolvency & Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Mon, 02 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432362